Despite growing its revenue to $19.34 billion (up 23% year-over-year), Amazon reported a $126 million loss for the second quarter of 2014, as the company continues to sacrifice short-terms profits in favor of long-term growth.
The Seattle-based e-commerce giant continues to re-invest every dollar it makes, as it’s making inroads into content production / delivery and extending its own hardware line-up. This year alone, Amazon introduced a video streaming box, a music streaming service, an unlimited e-book subscription plan and the very first Amazon smartphone.
Amazon’s stock price dropped 10% in after hours trading, indicating that some of the company’s shareholders may be starting to lose their patience. Despite the lack of meaningful profits, Amazon’s stock price had more than tripled over the past 5 years, bringing the company’s valuation up to more than $160 billion.
This chart illustrates Amazon’s revenue and profit growth since the first quarter of 2009.
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